Stocks drop sharply; Is it time to sell, or time to buy?
Greetings,
It wasn’t the best of Mondays to wake up to. The Dow shaved off just over 200 points, while its cousin to the north, the commodity heavy Toronto Stock Exchange (TSX) lopped off a weighty 453 points. Another exchange we follow very closely is the TSX Venture Exchange, heavily weighted with penny stocks (mainly junior resource companies). It lost almost 4% in today’s bloodbath.
Is it time to head for the exits and lock in profits generated since the start of 2009? Or is it time to start looking for bargains?
While nobody has a definite answer (although there are plenty of people who pretend to), we can say we are on top of the situation and monitoring a large roster of quality penny stocks. Our research ensures a limited amount of risk and very big upside potential.
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